Philippines: Fastest growing economy in Southeast Asia

Philippines Manila

The Philippines is projected to be the fastest growing economy in Southeast Asia and second fastest in the world according to the latest World Economic Outlook released by the International Monetary Fund (IMF).

The latest growth forecast for the Philippines is the fastest among members of the ASEAN and the second fastest in the world next to India’s 7.4 percent growth for this year and 7.8 percent for next year.

“We believe the Philippine economy will continue to grow strongly, driven by solid domestic demand and public investment,” Yang said.

 

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